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[oilnewskenya]

Avana Petroleum Limited receives a default notice in Seychelles

Avana Petroleum Limited receives a default notice in Seychelles

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Vanoil Energy Ltd announces that its wholly owned subsidiary, Avana Petroleum Limited, has received a default notice under the joint operating agreement in respect of Seychelles Areas A and B, due to non-payment of its share of joint account expenses in the amount of USD $732,755 plus interest.

In a statement by the chairman of Vanoil Energy on behalf of the board James…

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